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Nasdaq Market Update 2024-10-08

360MiQ 0

Nasdaq 100 rebounded +1.5% (+307 pts), closed at 20108 points.

Among the 150 largest-cap stocks, 113 (75%) closed higher. Despite Nasdaq 100 rising 1.6%, only 47% of all Nasdaq stocks follow suit.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -1.9% to +2%. only 1 sector outperformed the market. Boosting by Technology, The market was up +1.3%; Technology was up +2%, the best performer, reflecting an increasing risk appetite; Energy was down -1.9%, the worst performer.

● Robinhood Markets (HOOD) jumped +9.8% (+$2.29), closed at $25.61, rose 3 days in a row, the best % gain in more than 4 months, also hit a YTD high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=HOOD

● Trip.com Group Ltd ADR (TCOM) sank -10.1% (-$6.87), closed at $61.48, the worst % loss in more than 10 months. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=TCOM

360miq.com/market?data=NASDAQ#tab-3

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